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  • Line between insurance, shadow banking blurs in China

    SHANGHAI China's insurance market is growing by leaps and bounds, thanks in part to interest rate liberalization that has triggered intense competition. But as more and more citizens take out policies, there is concern over where some of their money

    March 24, 2017 01:48 pm JST
  • China's Tencent grabs 830m mobile payment users

    GUANGZHOU -- Chinese internet service giant Tencent Holdings now has more than 800 million people using its mobile payment services, having rapidly expanded by tapping the vast user base of its WeChat messaging app.All kinds of businesses accept Ten

    March 24, 2017 05:07 am JST
  • Earnings preview

    Hokuetsu Kishu Paper seen topping profit forecast

    TOKYO -- Hokuetsu Kishu Paper is expected to report a 19% increase in operating profit to around 11 billion yen ($98.8 million) for the year ending March 31, supported by strong demand overseas.The Japanese paper company lowered its projection in No

    March 24, 2017 04:00 am JST
  • Sinopec to buy Chevron assets in South Africa, Botswana

    BEIJING -- China Petroleum & Chemical, better known as Sinopec, will pay roughly $900 million for U.S.-based Chevron's businesses in South Africa and Botswana, the Chinese state-owned oil company says.Following the announcement Wednesday, Sinopec's

    March 24, 2017 04:00 am JST
  • Japan to review any foreign sale of Toshiba memory ops

    TOKYO -- The Japanese government intends to scrutinize any proposed acquisition of Toshiba's memory chip business by a foreign buyer, using legislation that allows reviews in cases involving technology that could be diverted to military use.Japanese

    March 24, 2017 02:30 am JST
  • Ping An Insurance lifts cash handout to lure investors

    HONG KONG -- Shenzhen-based Ping An Insurance Group joined the string of Chinese companies returning more cash to investors, as low-yielding stocks are increasingly shunned amid rising interest rates.Logging 15.1% year-on-year growth in net profits

    March 24, 2017 01:40 am JST
  • Investors punish China Mobile for paltry dividend hike

    HONG KONG -- China Mobile shares fell sharply here Thursday afternoon on an underwhelming year-end dividend, closing down 3.43% at 87.25 Hong Kong dollars.The cellular carrier finished the morning session at HK$90.20, then announced its 2016 dividen

    March 24, 2017 01:23 am JST
  • Alibaba eyes expansion beyond China

    KUALA LUMPUR -- China's Alibaba Group Holding, the world's largest online transaction company, is looking at developing economies with large, young populations and numerous small enterprises as its next growth engines.Better known for online marketp

    March 24, 2017 12:20 am JST
  • Brazilian meat scare sweeps across Asia

    HONG KONG/SEOUL -- The scandal over tainted meat from Brazil is shaking up Asian markets that have come to depend on the South American country's plentiful exports. Hong Kong, Macau and mainland China have each suspended imports, while South Korean

    March 23, 2017 11:59 pm JST
  • Soho China shares climb 7% on robust office leasing

    HONG KONG -- Commercial developer Soho China will slow the pace of asset sales after its offices in major mainland cities delivered a 44% jump in rental income that lifted earnings and sent its shares up more than 7% on Thursday.Announcing a 69% ris

    March 23, 2017 11:25 pm JST
  • Nikkei Asia300 Index little changed as Trump caution weighs

    HONG KONG (NewsRise) -- Asian stocks were little changed Thursday despite a rebound on Wall Street as markets remained cautious about U.S. President Donald Trump's ability to pass major economic reforms.The Nikkei Asia300 Index was 0.01% higher at 1

    March 23, 2017 09:52 pm JST
  • Ajisen China aims to give fliers taste of the Middle Kingdom

    HONG KONG -- Ajisen (China) Holdings, a ramen restaurant operator in Hong Kong and mainland China, is preparing to expand into airports around the world.The company opened its first departure-area restaurant under the Ajisen Ramen brand at an intern

    March 23, 2017 06:30 pm JST
  • James Stent

    Gloomy Western bears are wrong about China's banks

    For years, mainstream foreign media and investment analysis has revolved around a largely gloomy narrative that describes Chinese banks as rickety, and awash with bad debt. In this narrative, it is just a matter of time before a banking crisis jolts

    March 23, 2017 05:30 pm JST
  • Richard McGregor

    Trump's worst enemy

    Just before traveling to Washington to meet U.S. President Donald Trump on March 17, Angela Merkel, the German chancellor, took a call from Chinese President Xi Jinping, in which the two leaders discussed their support for "free trade and open marke

    March 23, 2017 04:20 pm JST
  • China Mobile books flat 2016 profit, ups dividend ratio for first time in decade

    HONG KONG (Reuters) -- China's largest telecommunications network operator China Mobile Ltd on Thursday reported a 0.2 percent rise in profit for last year and raised its dividend payout ratio for the first time in a decade.China Mobile is among thr

    March 23, 2017 03:41 pm JST
  • China pushes domestic chip development

    BEIJING/SHANGHAI -- China's global acquisitions to fill technology gaps may have ground to a halt, but the country's quest to boost its semiconductor sector continues.Chinese officials and tech executives agree that foreign regulators are increasing

    March 23, 2017 03:30 pm JST
  • China-led AIIB to admit Hong Kong, 12 others as new members

    BEIJING (Kyodo) -- The Asian Infrastructure Investment Bank said Thursday its membership will be expanded to 70, giving the go-ahead to Hong Kong and 12 other applicants to join the China-led multilateral financial institution.It is the first time t

    March 23, 2017 01:37 pm JST
  • Trump's shifting China views raise specter of Asian turmoil

    TOKYO -- U.S. President Donald Trump's tough talk on China before taking office has softened of late, a development whose genesis has worrying implications for Asian security.American and Chinese VIPs have jetted back and forth more often lately. St

    March 23, 2017 01:30 pm JST
  • Smartphone demand buoys Japan's electronic parts makers

    TOKYO -- Consumers, it seems, still love their smartphones. At least they love their new smartphones, demand for which seems to be lifting Japanese electronics parts makers out of a prolonged slump.Shigenao Ishiguro, TDK's president and CEO, is upbe

    March 23, 2017 12:00 pm JST
  • Insurance promises Asia much more than peace of mind

    TOKYO Trinh Pham, a 25-year-old office worker in Ho Chi Minh City, vividly remembers the day she decided to join an insurance program."My colleague suddenly passed away three months ago with colorectal cancer," she said. "I felt so sorry for him and

    March 23, 2017 12:00 pm JST